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Objective 1.
The price of beef at January 1 180 rubles per kilogram. The seller bought 20 kilograms of meat, the price elasticity of demand is 0.5. Let´s say, the next day the price rose by 25%, determine what will be the volume of demand? How to change the amount of revenue from the sale?

Objective 2.
Student reading magazines and listening to music stored on tape. The table shows the utility he receives from consuming different numbers of journals and magazines. magazine price is $ 1.5 and tape the price -.. $ 7.5 Suppose that a student usually buys 2 cartridges and 10 magazines.

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